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Global Scaffold Material Market InsightFebruary 14, 2022 Comments
The scaffold material is forecast to crazy over the next few years. According to WK-chem Research, “Global Scaffold Material Professional Survey Report 2022, Forecast to 2027”, The scaffold material industry is growing rapidly due to developments in the construction sector. The annual compound growth rate (CAGR) for the 2022-2027 period is projected to be 4.5% base on WK-chem Research regression analysis model.
“Increased construction activities, growing demand for sustainable scaffolding solutions, and rising number of infrastructure projects are driving the market,” said Eva Joy, Senior analyst, Chemical & Materia Market Research Center in WK-chem Research.
Demand from the residential construction industry is a key driver of the market. The infrastructure sector will always need scaffolding. In addition, the new series of high-speed rail structures have the highest demand for scaffolding. Asia Pacific is known for its high road construction. Using scaffolding, construction crews can easily transport materials to the top of building construction. Scaffolding provides a stair-like structure to support the entire construction work. During the forecast period, the demand from the construction industry will be a key driving force for the market.
The price of raw materials in the scaffolding market fluctuates greatly. Scaffolding is made of wood, steel and aluminium products. Prices for these products may change frequently. Also, sometimes price fluctuations in cement, sand, and other construction materials can affect overall growth. Price fluctuations are a major limiting factor as they affect market revenue. Income volatility can lead to market inconsistencies. During the forecast year, it is estimated that the price volatility of construction materials will be huge. This issue may hinder the overall market growth rate.
Key market players profiled in the Scaffolding Market report include Atlantic Pacific Equipment (AT-PAC), LLC, PERI GmbH, ULMA CY E. S Coop, ADTO Group, ALTRAD, MJ-Gerust GmbH, Changli XMWY Formwork Scaffolding Co Ltd, WACO , Brand Safway and Wilhelm Layher GmbH & Co KG.
Key players operating in the global scaffolding market have adopted key strategies such as business expansion and acquisitions to enhance their market expansion and maintain intense competition in the market. For example, in October 2021, Altrad Group acquired CIDES Congo, an African-based company engaged in rope access and inspection services. The acquisition is aimed at improving the product portfolio of scaffolding systems.
Segmentation of Scaffold Material Market:
On the basis of type, the market is segmented into supported scaffolding, suspended scaffolding, and rolling scaffolding. The highest income is the supported scaffolding segment, which is a wood or metal structure that provides temporary support for people and materials. It consists primarily of platforms, but also includes ladders, stairs, walkways and conveyor belts to move materials as needed to where they need to be placed within the work area.
. Based on material, the market is segmented into aluminum, wood, and steel. The steel sector dominates the market due to its practicality. On the basis of end user, the market is segmented into residential, commercial, and industrial. The residential segment generated the highest incomes in 2020. In construction, scaffolding materials are used to protect workers from injury and equipment from damage.
Scaffold Material Market: Regional Analysis:
In terms of region, the scaffolding market is analyzed in North America (United States, Canada and Mexico), Europe (United Kingdom, France, Germany, Italy and Rest of Europe), Asia Pacific (China, Japan, India and Rest of Europe) and LAMEA (Latin America , Middle East and Africa). Asia Pacific was the largest contributor to the global scaffolding market share in 2020 and is expected to maintain its leadership position over the forecast period. The construction industry in Asia Pacific is booming. In addition, infrastructure investment in the Asia-Pacific region has been excellent. All these factors make the market in the Asia Pacific region lucrative. India and China are the key Asian countries responsible for the market’s extraordinary growth rate. The government has announced many initiatives to strengthen the market in the Asia Pacific region. More than billions of dollars are expected to be invested in public infrastructure.
Largest share area: Asia Pacific
Largest share country: India and China
Product Type: Supported Scaffolding, Suspended Scaffolding and Rolling Scaffolding
Product Type (by material): Aluminum, Wood and Steel
Application: Residential, Commercial and Industrial
Leading Companies:Atlantic Pacific Equipment (AT-PAC), LLC, PERI GmbH, ULMA CY E. S Coop, ADTO Group，ALTRAD